Today we want to answer the top question on everyone’s minds: Are we looking at another housing market crash? There’s a lot to unpack with that question, so we want to cover three underlying factors that led to the crash in 2007 and what’s happening in our current market. At the end of this discussion, we should be able to determine together if we’re looking at another crash.
You can watch the full video above, or skip to each section using the timestamps provided:
0:00 — Introducing today’s topic
0:49 — How deregulation contributed to the 2007 crash
2:17 — There is not as much speculation today
3:12 — Our supply situations are very different
5:26 — Millennials are looking to buy homes
6:45 — The fear of missing out on this market
7:32 — Our market doesn’t look like 2007
8:19 — Wrapping up
Are we looking at another housing crash? All indicators say no. If you have any questions about today’s topic or real estate in general, feel free to call or email us. We would love to help you.